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Bread And Bakery Products Market Size, Forecast, Growth, Trends 2024-2033
Bread And Bakery Products Market
The Business Research Company offers in-depth market insights through Bread And Bakery Products Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The bread and bakery products market size has grown strongly in recent years. It will grow from $221 billion in 2023 to $234.99 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to cultural and regional influences, marketing and branding strategies, globalization of food culture, retailing trends and merchandising, economic factors and affordability.
The bread and bakery products market size is expected to see strong growth in the next few years. It will grow to $296.79 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to focus on healthier alternatives, sustainability practices, culinary fusion and exotic flavors, clean label and transparency, rise of artisanal and specialty bakeries. Major trends in the forecast period include sustainable and eco-friendly practices, innovation in sweet and savory combinations, local and seasonal ingredients, e-commerce and online bakery platforms, technological innovations in baking.
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Market Segmentation:
The bread and bakery products market covered in this report is segmented -
1) By Type: Bread, Cake And Pastries, Other Bread And Bakery Products
2) By Origin: Whole Wheat Flour, Multi Grain Flour
3) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
Subsegments Covered: , Cake, Pastries
Major Driver - Population Growth Fuels Rising Demand For Bread And Bakery Products
The world's population is growing and is expected to reach 10 billion by 2050. An increase in the population creates more demand for food. Supply for materials used in bread and bakery product manufacturing and trade volumes will have to increase in order to meet the increased population. Therefore, companies in this market are expected to benefit from rising demand for bakery and confectionery products due to the rising population during the forecast period.
Competitive Landscape:
Major companies operating in the bread and bakery products market report are Walker's Shortbread Ltd., Cargill Inc., Archer Daniels Midland Company, George Weston ltd, Mondelez International Inc., Britannia Industries Ltd., Wm Morrison Supermarkets plc, Associated British Foods plc, Grupo Bimbo, General Mills Inc., Yildiz Holding Inc., Lotte Chemical Corporation, S.A.B. de C.V., Yamazaki Baking Co. Ltd., Flowers Foods Inc., Bimbo Bakeries USA, Barilla Group, Lantmännen, ARYZTA AG, Tate & Lyle plc, Harry-Brot GmbH, Dawn Food Products, Finsbury Food Group Plc, McKee Foods Corporation, CSM Bakery Solutions, Wenner Bread Products Inc., Rich Products & Solutions Pvt. Ltd., Neri's Bread & Bakery Products Inc., Damascus Bakeries Inc., Franz Bakery
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Top Trend - Slicing Through The Digital Crust
Bread and bakery product manufacturers are increasingly depending on social media to market their products. As more consumers share their dining experiences on social media websites such as Instagram, Pinterest, and Facebook, bread and bakery product manufacturers are creating innovative and artistic bakery products to gain popularity. According to a study by Maru/Matchbox, 69% of millennials take a photograph or video of their food before eating.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Bread And Bakery Products Market Characteristics
3. Bread And Bakery Products Market Trends And Strategies
4. Bread And Bakery Products Market - Macro Economic Scenario
5. Bread And Bakery Products Market Size And Growth
…..
27. Bread And Bakery Products Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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